TechFlow news — crypto lending platform Nexo has announced it has signed an indicative term sheet with Vauld, planning to acquire up to 100% of Vauld's shares. The term sheet grants Nexo a 60-day exclusive exploration period during which it will conduct due diligence.
Earlier reports indicated that Nexo hired Citigroup as an acquisition advisor to integrate recently distressed crypto lending platforms. Crypto lending platform Vauld has suspended withdrawals and may undergo restructuring.




